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loz82's avatar
loz82
Experienced User
2 years ago
Solved

STP and incorrect wages expense Account

Hi All,

 

We have had a previous bookkeeper incorrectly setup a few of our staff members with the incorrect wages expense account.

 

Instead of using the Wages and Salaries account, it's been allocated to Superannuation....

I have checked through the processed STP reports online, and it looks to be allocated correctly, as well as checking the Superannuation that has been paid, which is also the correct amount.

 

Could i just enter the amendments via a general journal to balance our books or do i have to re-process the incorrect payrolls? There is quite a few weeks payrolls that need to be amended.

 

Any help here would be appreciated.

Thank you.

  • Tracey_H's avatar
    Tracey_H
    2 years ago

    Hi loz82 

     

    Thanks for your post. Selecting an incorrect expense account only affects financial reporting, like the Profit & Loss, so yes you can record a journal to move the amount to the correct expense account.

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

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  • Tracey_H's avatar
    Tracey_H
    Former Staff
    2 years ago

    Hi loz82 

     

    Thanks for your post. Selecting an incorrect expense account only affects financial reporting, like the Profit & Loss, so yes you can record a journal to move the amount to the correct expense account.

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.